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of the reporting of a live from tampa, florida. see you there. ♪ gerri: hello, everybody. i'm gerri willis, live from boston chump, massachusetts were in a little more than 24 hours mitt romney will take the stage at the convention center here to give his victory speech or the concession speech. right now romney and obama are in a virtual tie. romney is printing to the finish line with a campaign blitz in several key swing states. starting in orlando, florida, lynchburg in fairfax virginia where the polls show a dead heat between president obama and medtronic. then he is off to columbus ohio and finally will end up in manchester, new hampshire, before heading back to ohio for tomorrow. springsteen joining president obama and a rally in wisconsin. spinning the final day of the presidential campaign travelling on air force one with the president. obama is going from madison, wisconsin to columbus ohio where he will only be 7 miles away from romney. after that he is off to do more income iowa, before settling in illinois will his -- where he will sit on election day with his family. no public event
in florida too close. virginia too close. pennsylvania that will be a close one, one way or the other. in new hampshire, that is a state that favored for barack obama but too early to call, but alan on that idea of how much time you give to turn things. >> it is what you focus owe had an economy that was in terrible shape, caused somewhat under the bush administration. he should not get total blame. neil: a lot to blame him, a good plurality say, you know -- >> this was due to the housing market. that started problem quite frankly dramatically under the previous mr. clinton,. neil: community reinvest. , we raised to 50%. >> we started out 10%, and it was raised to 50%. that is what caused it, not just the banks but government intervention. but back to jobs, you say job is number one problem you do not spend your time on health care, that not adding jobs. neil: part of the thing in exit poll, a lot of people like this healthcare. a lot of them like it. >> they may like it because they have not yet paid for it but they will pay for it businesses have to pay more money for it you will have to pa
.. the storm will also make voting tomorrow tricky in florida.for l let's bring in janice dean attem the fox weather center. great to have you with us with . >> thanks. i wish i could bring eat better news. just dealing with such an impact from sandy. millions without power. we are hopin that neighbors get together to really help the folks that are in need, because teeratures are below freezing tonight. we will be dealing with another storm. let's start off with election day. not much to talk about. the potential for showers, maybe some snow, just snow shows across the midwest. not an organized system, and then or watching the development of this nor'easter of the east coast, the southeast coast line. we will see light showers across georgia, south carolina, and north carolina. nothing to organized until we get into wednesday. election forecast looks good. you will watch this developing system that will eventually go up in effect is in the northeast. a few showers, and/or snow showers for the upper midwest and great lakes. west coast looks really good. we could see a few spattered showers ac
is basically what we're seeing right now. incredibly tight race that we are looking to florida, virginia, ohio, all of the state's right now they're too close to call for any indication of which way this is going to break. there has been an awful lot of confidence among the obama folks of the last few days, especially predicting a wind that only in the electoral college, but the popular vote. predicting it to go the other way. that confidence, they say, all comes from the fact that they had been seeing consistent leads in polls throughout the battle ground states, many of them throughout the country and certainly enough, they said, to take over the top of this. still and wait and see mode. a sense of confidence that you would possibly get from any type of candidate at this point in a race that is this close. and so well there is confidence to make it is to be expected that he would not hear anything else out of the obama campaign this early in such a close race. neil: okay. thank you. one of the state's we will be keeping a close eye on. keep in mind, nevada is interesting for a number of reas
say that. i need my beauty sleep. might not do much good, but i need my beauty sleep. florida is another one. that is a battleground state where of late mitt romney has been consistently going well. he has to do well. >> florida is another state. neil: and you have been busy campaigning. >> floridian more than viejo is a must win. neil: ohio. maybe pennsylvania. >> ohio is important, but if he can take florida and virginia, if romney can take florida and virginia and slips in ohio then colorado, maybe pennsylvania to make up for that. there are ways to do it, but virginia and florida are critical. neil: we always forget, mayor, that there are so many other races going on. thirty-three senate seats. republicans need a net gain of four senate seats. but if they have president romney, three. how likely is that? it will look like a gimme. not so much. neil: i see in early voting that murdoch's ahead. not by much, but still ahead. if murdoch wins, which people are wondering whether he can because of some of the controversial comments -- neil: he was the tea party backed candidate w
to florida with melissa francis. melissa: good evening, neil. we are at the processing center. those are absentee ballots that they are taking out right now. and you can see them running through the machines over there. trying to get a count as we near the end in hillsborough county. right now we had only one precinct left that hasn't reported and been counted. 346 precincts in of 347. barack obama is in the lead, 52% to 42%. 42,000 votes in this area and we are just waiting for the last precinct to come in. hillsboro is one of those counties that it is a swing county in a swing state. they say that it has accurately predicted who is going to be president back to president reagan except for one election. it is definitely one to watch. we are almost at the finish line here. neil: thank you very much. in florida, that is what is going on. michael brown, what do you think? to i think it is a tough path for mitt romney to find 270 electoral votes. i think the league will be sustained in north carolina, but he is behind the popular vote as it's coming in florida. i think there's some poss
from every angle with an all-star lineup live on the ground in key swing states. florida, virginia, that will be the first to report about 7:00 p.m. on what the day and night will bring. and what the outcome willlmean. this is a fox business exclusi exclusive. we'll break down the impact of all of this. advising the romney campaign. he will be with us, but take a look at what drove the market today for the "data download." stocks soaring extending gains to a second day as voters cast their ballots. all the major indices ended in the green with the dow closing up 1%. energy and industrials were the top performers while utilities lag. a weakening dollar that boosted the metals markets with silver, copper, platinum, palladium all posting gains. silver ended up nearly 3% while palladium jumped 2.8%, gold up over $30 as well. the bonds ended lower as investors flocked to equities. the yields jumping six basis points 1.62. treasuries may react the outcome, bond trading heavily influenced by the action of the federal reserve. different ideas of what the federal reserve's should be doing f
counting the votes. florida when they're still counting the votes. simply too close to call. idaho, i think i mistakenly said that was expected to go for the presidents. i was wrong. mitt romney picks up by no and its four electoral votes. going to washington state, this was a state that the president was expected to win. he picks up those 12 electoral votes out of washington. and as we look at hawaii, the president's old state, for electoral votes, little doubt that this was going to happen. barack obama when so why. a great deal of fuss. don't know if that was true. sort of a fallback. no need. at this point he's on route to looking pretty good, but we will see in virginia. george allen is going to a stage three is likely to concede the virginia senate. that looks pretty much. with all that i've given you, this is where we stand now in the california senaae race. dianne feinstein wins. the math and the numbers racked up dramatically for another senate seat. keeping that. here is where we stay. two ordered 44 before barack obama. twenty-six electoral votes away from the reelected president
right. take a look at this everybody, this is mitt romney speaking right now live in orlando, florida. i don't know how big the the crowd is, but we can tell that it's an enthusiastic crowd and let me remind you last night in pennsylvania in the open air and very cold night, mitt romney drew well over 20,000 people. he then went to virginia and late at night, sunday night, he drew 3,000 in virginia. right now, that's mitt romney live in orlando, florida. he just said, we are one day away from a fresh start. that's what mitt romney has had to say. listen in for a second. >> tomorrow we begin a new tomorrow. god bless you all. god bless florida. god bless orlando. we're going to take back this country and make it strong and proud and prosperous. thank you so very much. thank you guys. thank you. >> and he just wrapped up his speech in time for you to bring the opening bell on wall street. as we approach this trading session, the day before the great election, we're expecting a pretty flat opening. in fact, we're not expecting stocks to do that much today. we've seen a big move in the the p
, florida. have you noticed something? he will be addressing supporters very shortly. the red cross -- red cross flags as well as the american flag. a scene pretty much throughout hurricane sandy. he is never taking his eye off of the sympathize and let people know he is in their corner. between he and his wife and paul ryan and everyone else associated with the campaign pitching for red cross donations. very crucial in these next days before the presidential election to balance of that very delicate line between just being political and being caring, not the ps/2. it's always a juxtaposition for the challenger. on the same day the president of the united states was touring the garden state with no less than chris christie, a lot of political mechanician is read into that one. as a new jersey resident, you take it wherever you can. earlier today, if you are chris christie looking for financial health, gorman and his job was offering id you ticket and run with it. today the two men during damaged areas. so many of the places that made new jersey one of the cost is clean of states in the cou
voting numbers suggestion that president obama may be in trouble in florida. at this point, in 2008, democrats held a more than 134,000 vote lead in florida. as of yesterday, democrats led by fewer than 21,000. and 70 percent drop off. obama campaign does not dispute the numbers. well, i'm joined by artur davis, national co-chair of president obama's 2008 presidential campaign, a former democratic congressman from the great state of alabama. he has since charged his party affiliation. and also with us former rnc spokesperson. jerry jacoby. >> thank you, lou. lou: let's start, how much troutrouble is this. >> democrats put a lot of stock in early voting, in getting their base out to vote early, they ran up a huge margin over john mccain 4 years ago, because of early voting, one of the reason that democrats are so panicked renew, one reason they are trying to spend every possible tea leaf and discredit every national poll they could looking at hard -- they are looking at hard numbers from data poll numbers could one state they are not behind early vote numbers is colorado. problem is
morning. battleground states a must win for governor romney and melissa francis is in tampa florida. >> absolutely ground zero in florida. at a polling place this is a swing county with the swing region and the swing state. the corridor divides the state almost to the north. the north is republican the south traditionally democrats. they're fighting it out in the middle. i landed last night every single advertisement was political. they're getting hammered to decide the race. they have voted the president correctly since reagan was only one exception. florida is winner-take-all. the polls close at 8:00 p.m. to when we will take you live to another key state where many believe the race could be won or lost. connell: the dow has finished higher and investors wait on the results. charles payne is standing by. we were talking to governor richardson about gas prices. look negative oil. [ female announcer ] e-trade was founded on the simple belief that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashard you see exactly where your mon
of florida behind. they close at 7:30. the results will come fast on on battleground states indicative of how independent voters ultimately all voters will decide this race. as tight as they have been nationally, four years ago president obama became the first democratic and 44 years to win virginia. going into election day today, virginia's 13 editorial votes are considered to be in play and virginia remains a state both campaigns deemed critical to the editorial college victory. governor romney's path to victory narrowing considerably without virginia. sending the first lady for last-minute rally yesterday. the home of this year's democratic national convention and the 15 editorial votes could easily move to the republicans. remember two weeks ago the obama campaign aide claimed the president had given up on north carolina. the two met campaigns have spent $170 million on campaigning in ohio. a romney victory could mean a president so-called midwest firewall is cracking. ohio is so important to these candidates that the president spenpresidentspent parts of thee days there. governor romney
on campaign trail, keeping pace with the president, with swing state visits to florida, virginia, new hampshire and ohio, fox news political chief correspondent carl cameron with our report. >> reporter: mitt romney hit the states. >> we could begin a better tomorrow, tomorrow. and with the help of the people in florida that is what is going to happen. [cheers and applause] >> reporter: first stop, florida, a shot at president to. >> he cared more about a liberal agenda nene -- then about repairing the economy dobamacare create now jobs. >> latinos are big in florida, nationwide romney hoped to be polling among them in mid 30s, he has been in high 20 for months, next stop is virginia, first lynch berg. >> let's get everyone we know you on to vote tuesday. every voter, get them out. >> reporter: fairfax, to fortify romney's narrow edge in polls pump up the crucial get out the vote effort. and supporters booed mention of romney. >> no, no. don't book vote. -- don't boo, vote. >> president obama asked his supporters to vote for revenge. i ask the american people to vote for love of the c
the cheapest place for gas. but just one florida gas station just doesn't care, charging $3 above its competition. they are raking it in. and they're not alone. this could be happening near you, if you're not careful. we'll explain it. more "money" coming up. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. but when i was in an accident... by december 22nd i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a be. that's health in numbers. unitedhealthcare. ♪ . melissa: one of the ideas being floated as part of a deal on the fiscal cliff to start taxing companies for their carbon emissions of the why not? let just tax the hell out of them. a new report finds a carbon tax could cut the debt 12 to 50% next 10 years without raising anyone's income tax. but if the companies who get hit with the tax just pass
to win florida, north carolina, virginia. right now the polls suggest that seems quite likely. then he has to win iowa, colorado, and nevada. melissa: that's a lot. >> to do that you're 269. melissa: that is lot. >> go to house speaker john boehner and house votes. melissa: i see rove in the elevator. come on, tell me. they're like, you know, this could happen. you're like, no, no, tell me who is going to win. >> one more thing on this. i know this is a business show and you're at 7.9% unemployment. if the president does win re-election he will defy economic and political gravity. melissa: that's true. >> the stories that will be written about his ground game, in states like ohio, that he won in 2008 but did not abandon. he still paid staffers to keep the field offices open for the past four years. watch for that story. melissa: that is what, what you mean by ground game, staying there? >> that's right. melissa: hemmer, thanks so much. what an exciting night the next 24 hours. if early voting lines are any indication there will be overwhelming turnout. over 90 million people are expect
candidate in a close election on election day. they say it is getting very tight in florida. they don't have the youth out vote they expected. according to aid to fox news. however they say they should be very tight in florida. could be a night that goes to 2:00 a.m. there. they're seeing tight polling everywhere else around the country. they feel very confident what they're seeing so far. back to you. stuart: they didn't get the youth vote out in florida. interesting, jason. our young youth vote follower. will be with us later. rich we'll be back to you later as well. >>> president obama did not get the turnout you might expect in columbus, ohio, last night. even though he had bruce springsteen and jay-z warming up the crowd. the nationwide arena looks half empty from the pictures. sandra smith is tracking swing states in the united states. that would include ohio. sandra, which is the key county, killer county in ohio? >> i have circled them. hamilton is the in the southwest corner this is the county which since gnaty is us whoed. important to know why we're watching that. hamilton where c
florida and virginia, it is a moot point. if he does not win both florida and virginia that say moot point. >> he lost. mitt romney has lost. and as much as i'm sure folks in boston want to feel good, they worked hard, it has been long, mitt romney has been running for 4 years. neil: who is their new rising star. >> paul ryan comes out well. neil: really? >> he did not sizzle. lou: he lost wisconsin. neil: they were not winning wisconsin. >> no way. lou: why would you bridge him on. >> he was -- >> you don't think he was disappointing on the stump. >> he did fine. rubio is going to be there. lou: i'll buy rubio. neil: what about chris christie, lou's friend. >> sorry. i think what chri chris christid with the storm, not just emprissinembracing the presiden. he is too moderate on social issues for republican base. neil: you say republican party will go hard right? >> no, they are going to go, is going to be younger, more libertarianish. this is a party that will embrace fiscal conservativism. neil: do you agree dave? >> well, i think they will keep with fiscal conservative implement you can
, they are doing well. i just left south florida yesterday and in south florida alone there are 82 new construction projects on the board, a third of which are under construction out. that to me look the lot like the mid 1990s when we were coming out of a similar economic recession. >> the housing market will be stronger. no doubt about that. the american action forum held housing events across the country, in las vegas and phoenix and orlando next tuesday and columbus, ohio. different market. the takeaway from those events, there's not a single housing market but a lot of housing markets. the story is not uniformly good and in places where we thought was pretty strong like phoenix, ariz. there's a lot of concern about the fact these are mostly cash, investor class going in and trying to make a little money quickly. that is good news. doesn't look like the sustained growth that we want. i personally am worried about the credit availability so the combination of dodd-frank and the new international court battle are going to crimp the credit market. stuart: you know what we are talking about and appr
with early voting in florida. because of, yes, lawsuits. judge andrew napolitano is standing by with all the legal challenges that we will surely see after this election. connell: here come the lawyers again, and now the markets down, before we get to the judge, take a look at winners today, on this day before the election over at the nasdaq. everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> all right. back on markets now. not again, florida. the lawyers are back in the state, believe it or not. as yesterday, a judge ordered an early voting site at central florida as the state opened for a few extra hours after a suspicious package that shut it down most of the afternoon on saturday. >> how busy will all of these law
, pennsylvania ohio, florida, virginia, that is surprising, but health care, in the end, i think virginia was closest as far as like and kiss lik you dislike but it was likwe like it. good stuff came up front, and bad stuff is about to hit us in the you know what next year, but they looked it that shocked me. >> in some of those states you are right, but i'm talking national poll, that said, we do not like that solution, yes something does need to be done about rising costs, and rising costs of health care, but that is not the solution they wanted this president, used the power of the bully pulpit to get members of the house to walk the blank, they did, and some did not come back that isomething he wanted to force through. so, here is what business owners are afraid of. he has his agenda with green energy crowd, we have already wasted bilillions of dollars but he will continue to try to push that, and continue to rl out obamacare. and there is still so much hidden stuff. he will try to force john boehner and the republicans into agreeing to something temporarily. extending bu tax cuts, i
bereday is halfway through in florida fell line is not winding down. look of this polling site is consistently has more than 200 people of course they say it is taking hours as floridians of line up melissa francis is there. what is the take away? >> this interesting. we are an tampa, a hillsborough county. it is slow and steady. it forced officials to go to the absentee voting and% absentee? it got the job done 38% came and voted ahead of everybody else. they are getting hammered with advertisement the entire commercial block every single one. the stations must be making a killing. but they like the attention. >> not until ohio we had a good for a while it will still be close. >> he was mad ohio steals the attention. people like them and find them informative which we thought was interesting that people get hammered from all sides we are right along the corridor dividing the state between north and south. traditionally north is republican and is out this democratic. that line is fought over we are considered the swing county of the swing state it is largest with electoral vote
beach, florida. ronald reagan, you're talking too much about ronald reagan. any to embrace and he was. be inclusive within the party. if you listen to an asian or hispanic and all they think the republicans want to do is throw their butts out of the united states. it's time to be inclusive, not exclusive. get the kind of necessary to everybody and get off of the tax program. that is not the answer. tom: the social issues are another story. being inclusive is another whole story, but when it comes to fiscal i am convinced that pele on the left and the right are fiscal conservatives. they don't want to throw their money away. they don't want to give it to the government and have been wasted. i take that message you are onto is stay on that republican fiscal conservativemessage and be inclusive. it sounds like a ram. tom: all right. michael, thank you so much. good to see you again. well, the 20, too sweet to fail? here is one bailout we can all get behind. guess what? it could be happeng. why taxpayers may just be about to save the twiie industry. ♪ ♪ tom: breaking news. hostess is
florida's in the floor, but i do believe the gulf coast has. as you move a little bit further south, you know, the market is still a little hollow tile in south florida, but in the north west portion of florida that is definitely getting to be a little bit more stable. and it tennessee is still a little unstable. you know, there are great foreclosures. prices are down. a great time to buy. going out west, lot of the markets out there are depressed because they kind of follow the housing market with a little bit of a lag. of course, once the primary housing market increases in the secondary home market we will increase. gerri: you are an expert because you own a lot of second homes, written about the market extensively. what kinds of factors, because you have done this repeatedly, what kind of factors should individuals who are trying to do this committee for the first time be thinking about? >> well, the first thing you have to think about is where you'll buy it. i recommend buying close to home, within the never ortable driving distance for you is because it makes it much more manageabl
person to have on? >> well, we do, down here in florida, we do computer based and web base training, growing from me, myself, and i over the last five years to 10 # 5 employees in ten states. we've been reck nilsedded by -- recognized by the small business administration and "ink" magazine ranking number 36. weave been on the radar, and we got the call from the sba that they needed a small business from the southeast to participate. gerri: all right. keith, you know, we spend time reporting on small business, a lot of small business viewers out there, and we talk about the natial federation of independent businesses, and they say two in three businesses, small business owners, say there's too much economic uncertainty, and they want a little less of that. you, yourself, told us these would have been an issue, would ve been an issue ipresident obama didn't meet with us. why is it so iortant to have the small business voice in the conversation over the fiscal cliff? >> well, i mean, you know, actually, the president said that, and it's a known fact, that small business actually drives
florida. this conference unlike any other brings together some of the biggest and most important names in business leadership. talking about topics that matter to you and your money and we are bringing them to you live right here exclusively. in this hour, we have terry duffy, he's the host and he's the chairman of the cme group. it's a fox business exclusive. we're going to ask him about his recent attacks on washington, d.c. he is blaming the people inside the beltway, partially for a rough quarter but partially for a very opaque atmosphere for which he is finding it difficult to run businesses and he's hearing from his customers. what does he say about the atmosphere right now? but first in a few minutes, i speak with the businessman of all businessman, sir richard branson the founder and chairman of the virgin group about what it is like to run and grow multiple billion dollars businesses in this environment. he is the fourth richest man in the u.k., but who cares about that, he is one of the gutsiest businessman ever to have lived. he started one tiny business in a basement
. >> governor chris, not a personnel in washington that was not endorsing governor crist from florida. neil: i understand what you are talking about move to moderate side, you are right, we'll watch, thank you so much dick armey. >> good-bye. neil: in the meantime, ho-ho-no this whole fiscal cliff is going to ruin christmas. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from busess loans to cash management, we wt to be your partner moving forward. so switch to regions. and let's get going. together. neil: all i want for christmas is a generate or? is that where we are after the storms? has it changed holiday shopping season. retail experts, fak faith hope,d bettebert. >> it is going to be a good christmas but a different christmas, gifts of basic items. >> we're going to start hitting the beginning of a retail ice age, that hit because of hurricane sandy, and so many workers cut from full time, part time, paa john, red lobster, and walma
-48 is the popular vote. 303-20 sick in the electoral college with florida still not called. four more years. democrats gained 3 to seek in the senate, republicans controlled the house. that is where it stands now. democrats have gained clout and leverage. what now? obamacare goes forward, taxing creases very likely and so does a lot more debt. tough to oppose a tax-and-spend president who just won reelection. as for stocks, selling off. this is the day after the addition of "varney and company". th real vice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little step since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> tonight in this election, you the american people reminded us that while our road has been hard, our journey has been long, we have picked ourselves up. we have fought our way back, and we know in our hearts that the united states of america, t
forward to working with them and other examples. young americans for liberty endorsed one in florida is is new, and he won, and a lot of the rand paul people in kentucky like andy bar who won in lexington, kentucky for congress. there's a few people there which is good. john: thank you, david, hadlye, deroy, coming up, the presidential candidate i voted for joins us. [applause] john: now, the next president of the united states, governor gary johnson. [cheers and applause] [laughter] what? he didn't win? [applause] governor johnson, you didn't win? how many votes did you get? [applause] >> you know, john, i got over a votes, but i didn't win number one, and i thought and the fact this was is two-person race, every vote would count, make the pitch that the vote counts for the person you most believe in, but it didn't pan out. we got over a million votes, and put a voice to issues that really needed a voice, and, you know, if i were to point at one factor, it was romney losing the race, and it was losing the race because he was not conservative enough on dollars and cents, and i think
of attention, then virginia, then florida, all crucial states that could decide who is the next president of the united states, welcome i am neil cavuto, we're hoping to have this resolved with our coverage that starts with stuart varney, then lou dobbs, and we are on 6:55 eastern time, we hope to have it resolved early morning november 7, betting is 1 or 2 aim, aimee copland, i would -- i thought we would push ourselveses into our friend don imus' program, but because it could be so close, in particular ohio, that there will be recounts automatic recounts there could be lawyers, automatic litigating that is where you find our eric shawn in cleveland, ohio, they are getting ready for the worse in this case, what could be a long, drawn-out series of days, picking through ought of the votes, right? >> you are right, more than days, right now tonight, christmas wreaths are out in front of tower city center top of tower lit up in red, white and blue, is it possible we could be here until december? i don't think so, but this is how it could potentially happen. automatic recount starts in ohio
in washington that was not endorsing governor crist from florida. neil: i understand what you are talking aut move to moderate side, you are right, we'll watch, thank you so much dick armey. >> good-bye. neil: in the meantime, ho-ho-no this whole fiscal cliff is going to ruin christmas. neil: all i want for christmas is a generate or? isha where we are after the storms? has it changed holiday shopping season. retail experts, fak faith hope,d tbert. >> it is going to be a good christmas but a different christmas, gifts o basic items. >> we're going to start hitting the beginning of a retail ice age, that hit becausef hurricane sandy, and so many workers cut from full time, part time, paa john, red lobster, and walmart, and target, and kmart, they have barely enough for gas, and groceries. neil: they don't buy? >> they will buy a lot less, hitting this quarter, and moving at a faster pace. neil: would stores benefit? would they shoppers go to those stores. >> they will go to walmart, and to lowe's, and i think it will be macy's year. because everything is in macy's. home furnishing and accessor
with not being prepared, and the rest of cuntry should be worried as well. is anyone, i know in florida they have backup power for their gas stations because they anticipate this terrible weather but what about the rest of the country? are other places prepared for a storm of any kind? or could this really happen anywhere? >> yeah. of course down here, i'm in palm beach. all the grocery stores and gas stations have this because we have hurricanes. but i think is anomaly in new york. we haven't seen power out more than a day in forever, maybe. another day could be other disasters, terrorist attack. anything could happen. we don't know. i do think retail gas stations should no be forced to put in generators. the oil companies could afford it. it is sketchy thing. with bloomberg in charge, we're able to drink as much soda at the movies, i'm sure this will be a new requirement. melissa: right. >> i don't think it is right to do that. it is a good thing but i don't think a right to require it. melissa: give me your bottom line. you're going out on a limb. you saw, we were playing back sound and video
. former republican senator george lemieux of florida joins me now. thank you for coming on the show. we read your op-ed in the "wall street journal" and dow we have to talk about this. i know you have written a lot of fraud, but i want to start with this idea that there is some discussion of getting medicare reform into the fiscal cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to everybody is against. gerri: let's get to that in the second. i just want to spend one more second of this idea. the senator from illinois saying on tv that he would like to see 400 billion entitlement cuts, the vast majority of the savings, all of it coming from medicare. is that t
think the future of information and technology lies? liz claman in naples, florida, with exclusive interview with wikipedia cofounder jimmy wales. and the drama and the european union continues with leaders not able to make any progress on the dire debt situation. one economist says our situation is not that much different. this u.s. the next greece? what we could be heading down the same path. and gas prices will drop. that is right, drop in time for the holiday travel. how low they are expected to go straight ahead on "after the bell." [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with dden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: the market was not looking too good, let's go back and see how the s&p futures are closing
. he is then sarasota, florida. >> i think it is healthy. it is progress. we have record low interest rates. we have great housing affordability. that is not the solution. you have to get back to fundamentals. you have to get more jobs. jobs is where the solution is. not building more homes. dagen: how much credit does the federal reserve get for doing that? do you find out positive or worse? >> it is very worrisome. i believe it is spreading all kinds of distortions throughout the economy. we do not know what all of those distortions are. the stock market has certainly been one of the beneficiaries. you cannot keep interest rates this low. fha solve this just last week when they announced they had negative net worth and negative net worth with the low interest rate environment we have is actually $31 billion. that is huge. there are winners and losers here. it may turn out to be the taxpayer is the loser. dagen: 3.5% is all you have to have if you have an fha mortgage. are you saying bubbles? you are in sarasota. pockets in florida are hot again. >> money is cheap if you can get it.
the kids in florida because this is turning into a construction site, right? >> yes. my one daughter has seven children. i had to relocate her to florida. >> tracy, chief, come with me. look at this, tracy. this is common throughout the area. these are three formerly brick homes that burned to the ground and also the cars. the situation with lipa, the long island power authority is, what is the deal? how they get the power back on in each home? what is taking so long? >> they have to get the grid up and going. they have to go house by house to make sure wire something properly restored. just about every house the electric panel flood the out and need to be replaced by electricians certified as safe. that will take a long process. it will take a long time before every house is restored. >> this is like a construction site, tracy. saltwaterer in the electrical boxes could cause new fires. are you worried this could last until december, this situation. >> we're not getting any information from lipa when the power will be restored. that is one of the sticking points with neighbors here. we c
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